Southern Copper Corporation's Stock Analysis

Southern Copper Reports Q2 2025 Financial Results and Dividends

Southern Copper Corporation announced its financial results for the second quarter ended June 30, 2025, reporting a quarterly cash dividend of $0.80 per share and a stock dividend of 0.0101 shares per common share, payable on September 4, 2025. The company experienced a 3.5% increase in molybdenum production year-over-year and a significant rise in mined zinc production by 52.9%. Operating cash costs per pound of copper decreased by 23.6% to $0.70, contributing to a 10% increase in EBITDA and a 13.8% rise in net income for the first half of 2025.

In addition to financial performance, Southern Copper is advancing various projects in Peru and Mexico with a capital investment program exceeding $15 billion. Key projects include the Tía María project in Arequipa, expected to generate significant revenues and employment, and the Los Chancas project in Apurimac, which is in the early stages of development. The company is also focused on sustainability, having received recognition for its environmental practices and inclusion in various sustainability indices, which may enhance investor confidence.

Jul 29, 2025 17:15:51

Southern Copper Reports 29% Increase in Net Earnings for Q1 2025

Southern Copper Corporation announced a 29% increase in net earnings for the first quarter of 2025, totaling $946 million compared to $737 million in the same period last year. This growth was attributed to a 20% rise in sales, driven by higher sales volumes and improved prices for copper, zinc, silver, and molybdenum. The company's cash cost per copper pound decreased significantly from $1.07 to $0.77, reflecting lower operating costs and increased by-product revenues. However, production of zinc and silver saw declines during the quarter.

The company's net sales rose by 12.1% quarter-over-quarter, reaching $3.12 billion, with notable increases in copper, molybdenum, and silver sales volumes. Southern Copper's capital investment program for this decade exceeds $15 billion, focusing on projects in Mexico and Peru. Recent developments include significant investments in the El Arco and Tia Maria projects, which are expected to enhance the company's operational capabilities and contribute to future revenue. The company also reported a cash dividend of $1.40 per share, reflecting a 75% increase from the previous year.

Apr 25, 2025 11:56:12

Southern Copper Reports $11.4 Billion in Record Net Sales

Southern Copper Corporation achieved record net sales of $11,433.4 million in 2024, marking a 15.5% increase from the previous year, driven by higher sales volumes of copper, molybdenum, zinc, and silver, alongside improved prices for copper, zinc, and silver. The company also reported a net income of $3,376.8 million, a 39.2% rise compared to 2023, attributed to increased sales and effective cost control measures, resulting in a net income margin of 29.5%.

However, there were notable challenges, particularly with molybdenum prices, which decreased by 10.6%, affecting overall profitability. Additionally, while copper production rose by 6.9%, there were declines in production at the La Caridad mine, which saw a 14.5% drop in grades and recoveries. The company also faced a significant reduction in dividends paid, down 47.5% year-over-year, from $4.00 to $2.10, indicating a potential concern regarding cash distribution to shareholders.

Feb 12, 2025 08:45:39

Southern Copper Reports Strong Q3 2024 Financial Results

Southern Copper Corporation announced a significant increase in net sales for the third quarter of 2024, reaching $2.93 billion, which is a 17% rise compared to the same period last year. This growth was attributed to increased sales volumes across all product categories, particularly in zinc and silver, alongside higher metal prices. The company also reported a 45% increase in net earnings compared to Q3 2023 and a net income margin improvement, reflecting effective cost management and operational efficiencies. Furthermore, Southern Copper received certifications for responsible production, enhancing its reputation in environmental, social, and governance matters.

On the downside, while the overall financial performance was robust, molybdenum prices saw a decline of 8.1%, which could impact future revenues from that segment. Additionally, the company continues to face challenges related to its capital investments, with ongoing projects such as Tia Maria and Los Chancas requiring substantial funding and community engagement. Despite these challenges, Southern Copper remains optimistic about future demand for copper, driven by global trends toward clean energy and technological advancements.

Oct 22, 2024 07:24:56

Southern Copper Corp: Strong Financial Growth and Project Developments

Southern Copper Corp reported a significant increase in net sales and net income, driven by higher sales volumes and metal prices. Despite a decrease in mined zinc production, copper, molybdenum, and silver production increased. The company's capital investment program is robust, including projects in Peru and Mexico. The Tia Maria project is expected to create jobs and boost economic activities. A stock dividend was authorized, reflecting the company's positive outlook and commitment to growth.

Jul 19, 2024 16:41:24

Southern Copper Corporation 1Q24 Financial Report

Southern Copper Corporation reported a 13.3% revenue growth in 1Q24 due to increased copper and silver sales volumes. Net income improved by 65.4%, with a 28.3% margin. Adjusted EBITDA rose by 34.3%. Cash flow increased by 22.0%, driven by operational efficiency. Copper production grew by 7.6%. Mined zinc production surged by 55.7%. Despite a 9.5% decrease in net income compared to 1Q23, the company remains optimistic about long-term copper demand and competitive cost control strategies.

Apr 25, 2024 21:43:07

Southern Copper Reports Mixed 2023 Financial Results

Southern Copper reported a 1.5% decrease in net sales for 2023 compared to 2022, driven by higher sales volumes for copper and molybdenum but offset by lower metal prices. Adjusted EBITDA and net income also decreased, while production of copper, zinc, silver, and molybdenum saw mixed results. The company's water efficiency improved, but it faced challenges with water supply at Buenavista operation. Despite the volatile copper market, the company authorized a per share payable for shareholders.

Feb 02, 2024 13:38:56

Southern Copper Corporation Reports Strong Q3 2023 Results and Plans for Future Investments

Southern Copper Corporation reported a 16.2% increase in net sales for Q3 2023, driven by higher metal prices for copper, molybdenum, and silver. Net income and adjusted EBITDA also saw significant increases compared to the previous year. Copper production slightly decreased, while molybdenum and zinc production increased. Operating cash cost per pound of copper decreased by 12.4% compared to the previous quarter. The company plans to invest over $15 billion in various projects over the next decade. The Board of Directors authorized a dividend of $1.00 per share payable in November 2023.

Oct 25, 2023 15:50:45